NAPOLITANO JOSEPH 4

4 · ACADIA REALTY TRUST · Filed Mar 11, 2025

Form 4

Period: 2025-03-10

Sr. VP

Transactions

Conversion
Common Shares of Beneficial Interest
2025-03-10+46,567→ 46,685 total
Sale
Common Shares of Beneficial Interest
2025-03-10$22.39/sh−46,567$1,042,635→ 118 total
Conversion
LTIP Units
2025-03-10−46,567→ 183,980 total
Exercise: $0.00→ Common Shares of Beneficial Interest (46,567 underlying)

Footnotes (3)

[F1]These shares were sold in several separate sales transactions at a weighted average price of $22.39. The actual price at which these shares were sold range from $22.22 to $22.53 per share. Mr. Napolitano will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.
[F2]Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or Common Units.
[F3]These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Napolitano, which vested in accordance with the terms of each grant.

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